Oil price falls after Iraq exports rise to near record in AprilMay 2, 2016 // 2 CommentsOil price declined a second day after Iraq’s oil exports approached a record high in April, adding barrels to a worldwide [...]
India ready to pay off US$6.5 billion Iranian oil debtMay 2, 2016 // 1 CommentIndia is eager to step up their engagement with Iran in the hydrocarbon sector and so, has conveyed its intention to clear [...]
Halliburton, Baker Hughes terminate US$34.6 billion mergerMay 2, 2016 // 2 CommentsHalliburton Company and Baker Hughes Incorporated announced on May 1 that they have terminated the US$34.6 billion merger [...]
Polyeco International, Lamor combine global operations to form one environmental service providerApril 29, 2016 // 1 CommentPolyeco International and Lamor Corporation are merging their global service divisions to form the largest worldwide [...]
Single US oil field emits 250,000 tons of ethane gas annuallyApril 29, 2016 // 4 CommentsA new study led by the University of Michigan found out that one US shale oil field is a key culprit in much of the past [...]
Crude oil prices drop on imminent OPEC output riseApril 29, 2016 // 1 CommentCrude oil prices dropped on Friday as a looming rise in Middle East production may drag on the stronger markets seen in [...]
Oil and gas industry looks at debt-driven shakeouts in 2016, says reportApril 27, 2016 // 6 CommentsAT Kearney, a leading global management consulting firm, released a report on April 25 revealing that 2016 will be a pivotal [...]
Saudi Arabia to introduce post-oil vision for economy’s futureApril 25, 2016 // 4 CommentsThe Saudi Arabia government is expected to release a plan this week that will liberate the kingdom from its reliance on oil. [...]
Researchers create new fabric to help mop up oil spillsApril 22, 2016 // 5 CommentsBP’s 2010 Deepwater Horizon oil spill on the Gulf of Mexico proved to be one of the world’s worst oil spills in history. [...]
Kuwaiti oil, gas workers end three-day strikeApril 20, 2016 // 5 CommentsA three-day strike by Kuwaiti oil and gas workers, that had temporarily cut the country’s crude production by nearly [...]